Vale SA (ADR)(NYSE:VALE) Is Talking BHP Billiton Exit From Samarco ...Tue, 16 Jan 2018 04:59:00 GMT
The contract depends on BHPs readiness to exit. Samarco is the single iron-ore operation managed by BHP outside Australia. In unrelated news, The Mosaic Company reported modifications to the definitive deal with Vale, including lower consideration for ...
Redcliff revenue up 52 percentMon, 15 Jan 2018 14:33:00 GMT
Last year, the Government partly paid outstanding salaries to employees of the defunct Redcliff-based steel manufacturing firm backdated ... adding that if Government continues paying ex-Zisco workers, revenue inflows at Redcliff were likely to reach ...
Critical Survey: Cleveland-CliffsSun, 14 Jan 2018 19:26:39 GMT
Cleveland-Cliffs and Nucor are both mid-cap basic materials companies, but which is the better business We will compare the two companies based on the strength of their institutional ownership, earnings, valuation, analyst recommendations, risk, dividends and profitability. Cleveland-Cliffs presently has a consensus price target of $9.40, indicating a potential upside of 8.29%.
Rio, BHP output boosts payout hopesSun, 14 Jan 2018 18:20:00 GMT
Also providing the prospect of better returns at BHP are its stake in the Samarco iron ore mine in Brazil, which has been mothballed since November 2015, when 19 people died after a tailings dam collapse. While BHP is hosing down talk it wants to sell its ...
Redcliff to spend $300 000 on Zisco Road rehabSun, 14 Jan 2018 18:07:00 GMT
It is also our busiest road, he said. The rehabilitation project is part of measures being put in place to improve service delivery ahead of the resumption of production at the giant steel works, Zisco. Government has since reached a deal with a Chinese ...
BHP puts $US1b price tag on Samarco stakeSun, 14 Jan 2018 08:45:00 GMT
BHP is asking Vale SA to pay about $US1 billion ($1.3 billion) for its 50 per cent stake in the Samarco iron ore joint venture, people familiar with the matter said. The valuation includes the provision that BHP would continue to assume its share of the ...
Irans steel sector grows in line with strategic planSun, 14 Jan 2018 01:16:00 GMT
They foresee exports of 20-25 million tonnes by 2025 under the country's strategic steel expansion blueprint. According to Iranian state mines and metals holding company IMIDRO, local steelmakers produced 27.9 million tonnes of iron ore concentrate in the ...
Nucor (NUE) Stock Rating Upgraded by Zacks Investment ResearchFri, 12 Jan 2018 23:29:50 GMT
Zacks Investment Research currently has $76.00 price objective on the basic materials company's stock. According to Zacks, Nucor remains committed to expand its production capabilities and grow its business through strategic acquisitions.
Local entities respond to Kirby layoffsFri, 12 Jan 2018 19:09:55 GMT
Dozens are now out of work following a Starkville manufacturer shifting its production operations to another state, but several local leaders and workforce development officials are confident the transition for affected employees will be made easier by opportunities already available in the region. Kirby Building Systems, which operates under the Nucor Corporation brand at the former Gulf States plant on Airport Road, announced roughly 100 employees would be let go on Wednesday after the parent company decided to move production to Portland, Tennessee.
Leavell Investment Management Inc. Lowers Stake in Nucor Co.Fri, 12 Jan 2018 14:38:08 GMT
Leavell Investment Management Inc. decreased its stake in shares of Nucor Co. by 21.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
STEEL WEEK IN BRIEF: Cyclone in Australia, higher steel prices ...Fri, 12 Jan 2018 11:24:00 GMT
Brazilian steel mill CSN increased its flat steel prices to the local distribution chain by 12%. Export prices for Brazil-origin steel slab increased on higher raw materials costs and limited supplies from other regions. US steelmakers Nucor and Gerdau ...
Iran sees iron ore and steel production rises year on yearFri, 12 Jan 2018 11:02:00 GMT
Mineral companies affiliated with Iranian state mines and metals holding company Imidro produced 27.9 million mt of iron ... reflecting a 15% on-the-year increase. Crude steel output also showed a sharp increase. Around 12.77 million mt of crude steel ...
Global Steel Long Products Industry 2017 Growth and Key Manufacturers ...Fri, 12 Jan 2018 02:36:00 GMT
... Posco ;Nssmc ;Thyssenkrupp ;Baosteel ;Hbis ;Shagang Group ;Wisco ;JFE ;XXCIG ;Ansteel Group ;Tata Steel ;Bohai Steel ;Shougang Group Global Steel Long Products Market focuses on global major leading industry players providing information such as ...
NLMK 2018 Financial CalendarFri, 12 Jan 2018 00:00:00 GMT
NLMK Group (LSE: NLMK), an international steelmaking company with operations in Russia, the USA, and the European Union, is pleased to inform you that it has published its 2018 financial calendar on its web-site.
Towards a competitive economyWed, 10 Jan 2018 23:48:00 GMT
The recently formed privatisation agency needs to be agile in finding possible suitors for entities such as CSC, Air Zimbabwe, Zupco and Zisco Steel among others. Non-commercial and regulatory entities require a lot of governance reforms so as to ...
Starkville manufacturer lays off 100 with production shiftWed, 10 Jan 2018 23:13:35 GMT
The parent company of a Starkville-based metal building manufacturer announced on Wednesday it will be shifting production operations to another state, putting roughly 100 employees out of work. Kirby Building Systems - a Nucor Corporation subsidiary that operates at the former Gulf States property off Airport Road - has been under the Nucor brand since 2007.
Ukraine: EMSS to produce 25 rolls for ZaporizhstalTue, 09 Jan 2018 10:06:50 GMT
In 2018 Energomashspetsstal will produce and supply 25 rolls for cold- and hot-rolling mills to Zaporizhstal. According to the company statement, the total weight of the rolls will be 461 tons. The corresponding contract was concluded in November 2017. Delivery will be carried out by installments, according to the terms. (Ukrainian metal)
Global electrolytic tinplate (ETP) industry analysis and forecast ...Tue, 09 Jan 2018 03:22:00 GMT
Access Report at: xxx Companies like Tata, Nssmc, Austen Steels, Baosteel, Thyssenkrupp, Yorkshine Holdings, Stahl-Becker, Swkd Steel, Sinosteel, Jfe Holdings, Jinan Sino Steel, Titan Steel and more are ...
An Intrinsic Value Calculation For Fortescue Metals Group Limited ...Tue, 09 Jan 2018 01:06:47 GMT
In this article I am going to calculate the intrinsic value of Fortescue Metals Group Limited (ASX:FMG) using the discounted cash flows (DCF) model. If you want to learn moreRead More...
Stoilensky pellet plant produces its 6-millionth t of pelletsTue, 09 Jan 2018 00:00:00 GMT
Stoilensky, part of NLMK Group, an international steel company with operations in Russia, the European Union and the USA, produced its six-millionth tonne of pellets in the lead up to new year. One of the largest pelletizing plants in Europe was launched at Stoilensky in November 2016.
Number of news reports: 20